GSE ends 2021 as second best stock market in Africa
The Ghana Stock Exchange ended 2021 as the second best performing stock market in Africa in both dollar and cedi terms.
In dollar terms, the exchange recorded a 38.59% returns for investors while in cedi terms, investors enjoyed 43.66% returns on their investments.
The Ghana Stock Exchange last year enjoyed one of its best runs in recent times.
In the first nine months of 2021, it enjoyed the title of the best performing stock market in Africa until it was dislodge by the Lusaka stock exchange of Zambia.
The performance of the GSE is attributed to positive investor sentiments that sustained the growth of the market as the bond market witnessed remarkable growth despite the existence and impact of the covid-19 pandemic.
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At the end of year, December 31, 2021, the market capitalization of the GSE had grown significantly to GHS 64.49billion.
According to trading results, 15 stocks on both the main and SME market recorded gains in their market value while 5 stocks recorded losses.
The best performing stock for 2021 was Fanmilk PIc followed by Guineas Breweries Limited and Enterprise Ghana, however, the worst performing stock was Cocoa Processing Company which still sells at 2 pesewas per share.
On the continent, the Botswana Stock Exchange emerged the worst performing stock market.
